Stacks of uncut sheets of US$1 dollar notes sit in a machine at the US Bureau of Engraving and Printing in Washington on November 15. The dollar’s value has been strong this year, despite expectations and most external indicators. Photo: Bloomberg

Opinion

Opinion

Macroscope by Hannah Anderson

We’re not in a currency war yet, even if the market fluctuations have been unexpected

Hannah Anderson writes that a currency war would be the result of a conscious decision by central banks to lower the values of their currencies to give them an edge over their trading partners. What we’re seeing instead is a renminbi driven down by concerns over trade and an unexpectedly strong dollar

Stacks of uncut sheets of US$1 dollar notes sit in a machine at the US Bureau of Engraving and Printing in Washington on November 15. The dollar’s value has been strong this year, despite expectations and most external indicators. Photo: Bloomberg